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the guy with whom he will have to make a deal to end the standoff on the fiscal cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now is if a group of republican members decide there have been a block because they can't afford the wealthiest 2% of americans. >> how much is theater and how much are the two sides locked into positions that remain far apart? the president's plan called for higher tax rates on the wealthiest americans to the tune of $1.6 trillion over ten years along with the combination of new spending and some spending cuts. mitch mcconnell said he, quote, burst into laughter. still, the white house is making it clear until the republicans counteroffer. >> we didn't say how or how much or who should pay. >> there are a lot of items o
the guy with whom he will have to make a deal to end the standoff on the fiscal cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now...
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house republicans released their counteroffer to avert the fiscal cliff. now it's really a fiscal fiesta. since it's a party we called in luke russert who emerged from a briefing. what's on the table? >> reporter: good afternoon, toure. big news here on capitol hill. we talked about being in a stalemate recently in terms of the fiscal cliff. house speaker john boehner and along with the rest of the leadership has presented an offer to the white house in a letter sent today based off something boles said to the supercommittee last year. you see the offer on the screen. 800 billion through tax reform, 600 billion in health savings, 300 billion in mandatory savings, 300 billion further discretionary savings. it nets to a total of $2.2 trillion in savings. what does it mean? in the letter we know the sticking point is the tax rates. the speaker says, quote, notably the new revenue in the boles plan would not be achieved through higher tax rates, which we continue to oppose and will not agree in order to protect small businesses and our economy. instead new rev
house republicans released their counteroffer to avert the fiscal cliff. now it's really a fiscal fiesta. since it's a party we called in luke russert who emerged from a briefing. what's on the table? >> reporter: good afternoon, toure. big news here on capitol hill. we talked about being in a stalemate recently in terms of the fiscal cliff. house speaker john boehner and along with the rest of the leadership has presented an offer to the white house in a letter sent today based off...
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get the blue. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he says in a statement in part, quote, the republican letter released today does not meet the test of balance. in fact, it actually promises to lower tax rates for the wealthy and sticks the middle class with the bill. the republicans' plan includes nothing new and provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve. he goes on to say, until the republicans in congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won't be able to achieve a significant, balanced approach to reduce our d
get the blue. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he...
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counteroffer to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on steroids. republicans with their counteroffer today again reject the president's plan if higher taxes on families earning more than $250,000 a year. wendell is live at the white house. if they reject that i don't know how far this will go. the president could blink but his eyes seem wide open. >>reporter: it is a nonstarter if they reject continuing the upper income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans
counteroffer to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on...
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just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't really see them doing that. >> thank you very much. mr. president. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are
just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't...
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public opinion on their side over negotiations against house republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan agreement. the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2%. >> and there are just 29 days to go for the two parties to find some sort of middle ground, and joining me now from the white house nbc news correspondent kristen welker. what's the back story on this it twitter q and a for the president, which should start any minute now? >> reporter: that's right. this is part of president obama's full court press to get the public on board to pressure republicans to sign
public opinion on their side over negotiations against house republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan...
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i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observers are saying that the obama campaign won in part because they did a much better job of harnessing the power of social media in this election and driving their voters to the polls. if that succeeded for them in the election, can they do it when it comes to governing? can they make the country, you know, embrace tax increases, for instance. >> yeah it's a huge question. i think there are folks who think that it can work the same way. there are a lot of others who really question whether or not those sorts of tactics, and, you know, the list and voter contacts that ofa built in a campaign context, do they work on capitol hill and governing. there are some doubts there but i don't think there is any doubt that the white house has chosen this course and we are goi
i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observers are saying that the obama campaign won in part because they did a much better job of harnessing the power of social media in this election and driving their voters...
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on "inside washington," heading towards the fiscal cliff. who is going to blink first? >> nobody can win everything. the republicans will have to give on revenue, democrats will have to give on entitlement reform. >> susan rice still in the bull's-eye. >> the concerns i have are greater today than before. >> lunch at the white house whitemitt. who will dare to break the no tax hike pledge? >> republicans who voted against the no tax hike pledged damage the brand for everyone else. captioned by the national captioning institute --www.ncicap.org-- >> thomas jefferson said the purpose of government is to enable the people of the nation to live in safety and happiness. jefferson said americans would be ok if they could keep the government from wasting their labors under the pretense of taking care of them. what is your government doing for you today? is it preparing to drive itself over a cliff like thelma and louise? >> despite the claim that the president supports a balanced approach, the democrats have yet to get serious about real spending c
on "inside washington," heading towards the fiscal cliff. who is going to blink first? >> nobody can win everything. the republicans will have to give on revenue, democrats will have to give on entitlement reform. >> susan rice still in the bull's-eye. >> the concerns i have are greater today than before. >> lunch at the white house whitemitt. who will dare to break the no tax hike pledge? >> republicans who voted against the no tax hike pledged damage...
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we are facing the fiscal cliff. now is the time for leadership and if john boehner is not willing to show leadership, then he should get out of the way and resign. see you tomorrow. >> this is "the bill press show."
we are facing the fiscal cliff. now is the time for leadership and if john boehner is not willing to show leadership, then he should get out of the way and resign. see you tomorrow. >> this is "the bill press show."
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effort to avoid the fiscal cliff. the cuts would take effect over a decade's time. they're also proposing to increase the eligibility age for medicare and to lower the cost of living hikes in social security. meanwhile, house democrats are saying mf global play about thely misled finra on the firm's edges pose your the -- exposure to the european debt crisis. the comments are an addendum to the majority staff report on mf global. and research company comscore reports online sales reached nearly $20.5 billion during the first 30 days of the holiday season. tablet computers continue to drive online sales. and now we continue our "countdown to the closing bell" with lori rothman. lori: one hard luck chip maker pushing higher as it announces plans to raise cash. lauren simonetti at the new york stock exchange with this one. lauren? >> reporter: hey, lori. advanced micro devices, it's one of the oldest chip makers, and it's cash strapped. so, essentially, it's going to sell its campus, 58 acres of it, and then lease it bac
effort to avoid the fiscal cliff. the cuts would take effect over a decade's time. they're also proposing to increase the eligibility age for medicare and to lower the cost of living hikes in social security. meanwhile, house democrats are saying mf global play about thely misled finra on the firm's edges pose your the -- exposure to the european debt crisis. the comments are an addendum to the majority staff report on mf global. and research company comscore reports online sales reached nearly...
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solution here to the fiscal cliff. we now know that we're 29 days away before the massive spending cuts and tax increases go into effect automatically the beginning of the year. the white house presented their plan and now just today we're getting news on the side of the republicans. ali velshi, chief business correspondent, let me bring you in. the first major difference, let's be crystal clear and run through this proposition, the fact that they want to extend the bush era tax cuts for everybody. >> right. something that some 67% of americans said that they don't agree with, something the white house says is a nonstarter. however, they have put a proposal forward. i suppose if you're negotiating, you don't put first proposal forward, the one you're going to end up with. this is from house speaker john boehner in a 2 1/2 page letter to the president, it proposes $2.2 trillion in cuts. and let me show you how they get there. $800 billion in tax reform. that is closing loopholes and credits. $600 billion in health care
solution here to the fiscal cliff. we now know that we're 29 days away before the massive spending cuts and tax increases go into effect automatically the beginning of the year. the white house presented their plan and now just today we're getting news on the side of the republicans. ali velshi, chief business correspondent, let me bring you in. the first major difference, let's be crystal clear and run through this proposition, the fact that they want to extend the bush era tax cuts for...
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approving the fiscal cliff. the gop plan would cut $2.20 trillion. there is a combination of spending cuts, entitlement reform, and new revenue. to read the letter, go to our web site, c-span.org, and click on the link. the republicans say their proposal is based on a plan from a former chief of staff which is different from the plan offered from the simpson bolls commission. here is a look at how the recommendations from the simpson bolls commission -- simpson- bowles commission is being used. host: at the table now, paul simpson-bowles -- simpson- bowles first put out their plan. for dulles trillion in death as a reduction over 10 years. -- $4 trillion in deficit reduction over 10 years. when they put this out, what was the reaction? guest: republicans in congress were lukewarm to the plan. president obama praised the effort, and cautiously said nice things about the effort, but did not embrace it. host: bring us up to present day. two years have elapsed. the fiscal cliff is upon us. now we see the two lead of
approving the fiscal cliff. the gop plan would cut $2.20 trillion. there is a combination of spending cuts, entitlement reform, and new revenue. to read the letter, go to our web site, c-span.org, and click on the link. the republicans say their proposal is based on a plan from a former chief of staff which is different from the plan offered from the simpson bolls commission. here is a look at how the recommendations from the simpson bolls commission -- simpson- bowles commission is being used....
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reaches the so-called fiscal cliff. and only 19 of those are business days. as yet there's been no counteroffer from the gop but today "the wall street journal" advises republicans to say the course writing given the political difficulty of reforming entitlements republicans are right to try get mr. obama's fingerprints on a deal this year. if mr. obama won't agree to these demin muss reforms republicans should let mr. obama own the debt crisis he has done so much to create. conservative commentator bill crystal says they're making a dangerous gamble. >> republicans are at risk in my view now of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> go
reaches the so-called fiscal cliff. and only 19 of those are business days. as yet there's been no counteroffer from the gop but today "the wall street journal" advises republicans to say the course writing given the political difficulty of reforming entitlements republicans are right to try get mr. obama's fingerprints on a deal this year. if mr. obama won't agree to these demin muss reforms republicans should let mr. obama own the debt crisis he has done so much to create....
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to budge on those income tax rates but the white houses drawing a line over this. >> what do we know about plans for this week? i mean, apart from everybody spouting off hot air on talk shows do they have -- i'm sorry to be so crass but i'm getting a little annoyed by all the talk at us. >> reporter: yeah. >> instead of with each other. do they have any meetings planned? >> reporter: i'm not saying it's not an annoying process and i think americans feel exactly that way. there's no official meetings right now between the white house and congressional leaders. of course, there are meetings going on behind the scenes and contacts between the white house and congressional republicans but nothing official. president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling neg
to budge on those income tax rates but the white houses drawing a line over this. >> what do we know about plans for this week? i mean, apart from everybody spouting off hot air on talk shows do they have -- i'm sorry to be so crass but i'm getting a little annoyed by all the talk at us. >> reporter: yeah. >> instead of with each other. do they have any meetings planned? >> reporter: i'm not saying it's not an annoying process and i think americans feel exactly that way....
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the debate goes on to keep our nation from going over the so-called fiscal cliff. the deadline now less than a month away. treasury secretary tim geithner saying it's up to republican lawmakers to make the next move to prevent mandatory tax hikes and spending cuts. and house speaker john boehner say republicans have a plan that would provide as much as 800 billion dollars in new revenue over the next decade. they might also consider eliminating tax deductions on high income earners. a third powerful storm hitting northern california and the pacific northwest in less than a week. wicked weather causing flooding with rain falling at the rate of an inch per hour at times. 100,000 people at this point have lost power and people say the damage was not as bad as they thought it would be. more rain expected. i'm harris falkner, now, let's get you back to huckabee. ♪ >> when he i was white house press secretary, afaced a roomful of reporters on a daily basis so i'm used to getting tough questions, been a while since you've been grilled on stage, but since i'm guest hosti
the debate goes on to keep our nation from going over the so-called fiscal cliff. the deadline now less than a month away. treasury secretary tim geithner saying it's up to republican lawmakers to make the next move to prevent mandatory tax hikes and spending cuts. and house speaker john boehner say republicans have a plan that would provide as much as 800 billion dollars in new revenue over the next decade. they might also consider eliminating tax deductions on high income earners. a third...
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cliff, it's not. both sides are willing to negotiate -- i mean white house is willing to negotiate. they made an offer and mitch mcconnell laughed at that time yesterday. john boehner went on the sunday shows and said basically we're not interested in any of this. so it's not -- the onus is not on the republicans. they're the ones who haven't done anything since election day to try to advance the ball. >> stephanie: yep absolutely. oliver north on hannity's show -- oh, is he judging susan rice? her basic -- yeah. >> susan rice, if she gets to become -- i'll make a prediction for you. she gets to become secretary of state. you will see the united nations get -- get a united states shot on the arms control treaties that the united nations launch and they will supercede the constitution of the united states. that's where they're headed. >> oh, my god! >> this from the guy who sent weapons to the iranians, funding right wing death squads. and lied about it all. >> very glenn beckish right? going to be a w
cliff, it's not. both sides are willing to negotiate -- i mean white house is willing to negotiate. they made an offer and mitch mcconnell laughed at that time yesterday. john boehner went on the sunday shows and said basically we're not interested in any of this. so it's not -- the onus is not on the republicans. they're the ones who haven't done anything since election day to try to advance the ball. >> stephanie: yep absolutely. oliver north on hannity's show -- oh, is he judging susan...
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plan for avoiding the fiscal cliff. >>> if you follow the pope spiritually, you can now do it virtually. and this is very cool. pope benedict xvi's twitter account went live in seven languages today and it's got thousands of followers just within minutes even though the pope hasn't sent out a tweet yet. we're told that is to happen next wednesday. it is a bit, weird, isn't it? you have a twitter account and you to wait a week and a half for the pope to tweet. the pope says he'll kick off the twitter account with a q & a session. >> whenever the vatican does something really big and important, they always do it in multiple languages which is why they're doing this twitter feed in english and german and arabic. what will happen on wednesday is he'll be answering some questions on twitter. one of the reasons they said he wanted to get involved with this social networking site was he wanted to connect with people in social media. and so what better way than to take a few questions, #askpo questions, #askpontifex. >> every tweet will be seen and approved by the pope and it is unlikely he'll
plan for avoiding the fiscal cliff. >>> if you follow the pope spiritually, you can now do it virtually. and this is very cool. pope benedict xvi's twitter account went live in seven languages today and it's got thousands of followers just within minutes even though the pope hasn't sent out a tweet yet. we're told that is to happen next wednesday. it is a bit, weird, isn't it? you have a twitter account and you to wait a week and a half for the pope to tweet. the pope says he'll kick...